by Ben Beeson | May 13, 2017 | Cyber & Technology, Financial & Executive Risk, Property, War & Terrorism
On May 12th 2017 a new strain of the Ransom.CryptXXX (WannaCry) began spreading widely impacting a large number of organizations, particularly in Europe. WannaCry encrypts data files and, according to latest reports, asks users to pay a $300 ransom. WannaCry exploits...
by Ben Beeson | December 7, 2015 | Cyber & Technology
No doubt a few eyebrows were raised in the boardrooms of insurance companies and brokers globally following a briefing note released on Nov. 30 by security ratings agency AM Best. Quantifying cyber risk remains a major challenge to the industry but AM Best’s research...
by Ben Beeson | November 9, 2015 | Cyber & Technology
Why is the role of cyber insurance becoming more than simply a financial instrument to transfer risk? In my blog from last week, I set out the reasons for why cyber insurance demand is skyrocketing and will continue to do so. A risk transfer strategy as part of an...
by Ben Beeson | November 2, 2015 | Cyber & Technology
In a relatively short space of time, the attitude of Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) toward cyber insurance has flipped 180 degrees. It used to be a major challenge for insurance brokers to engage IT department...
by Ben Beeson | January 28, 2015 | Cyber & Technology, Risk Management
Following a year of high-profile cyber breaches, it’s no surprise President Obama included proposals for increased cyber security in his State of the Union address last week. The President proposed a measure that would establish a federal data breach notification law...
